
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
AI Summary
- About


Calavo Growers Inc (CVGW)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
02/18/2025: CVGW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -60.51% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 431.84M USD | Price to earnings Ratio 63.71 | 1Y Target Price 33 |
Price to earnings Ratio 63.71 | 1Y Target Price 33 | ||
Volume (30-day avg) 217338 | Beta 0.56 | 52 Weeks Range 19.99 - 30.53 | Updated Date 02/17/2025 |
52 Weeks Range 19.99 - 30.53 | Updated Date 02/17/2025 | ||
Dividends yield (FY) 3.30% | Basic EPS (TTM) 0.38 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-01-29 | When After Market | Estimate 0.32 | Actual 0.05 |
Profitability
Profit Margin -0.16% | Operating Margin (TTM) 1.77% |
Management Effectiveness
Return on Assets (TTM) 3.04% | Return on Equity (TTM) 3.32% |
Valuation
Trailing PE 63.71 | Forward PE 18.35 | Enterprise Value 400731267 | Price to Sales(TTM) 0.65 |
Enterprise Value 400731267 | Price to Sales(TTM) 0.65 | ||
Enterprise Value to Revenue 0.61 | Enterprise Value to EBITDA 31.95 | Shares Outstanding 17837400 | Shares Floating 16760688 |
Shares Outstanding 17837400 | Shares Floating 16760688 | ||
Percent Insiders 6.11 | Percent Institutions 77.13 |
AI Summary
Calavo Growers, Inc. (NASDAQ: CVGW): A Comprehensive Overview
Company Profile
Founded in 1924, Calavo Growers, Inc. is a leading fresh avocado and vegetable distributor in the United States and Mexico. The company has a long and rich history, beginning as a small avocado cooperative in California. Today, Calavo operates across various areas within the fresh produce industry:
- Fresh Avocados: As the largest distributor of fresh avocados in the U.S., Calavo owns and operates avocado farms in California and Mexico, securing a consistent supply and superior quality control.
- Prepared & Value-Added Foods: Calavo expands its offerings beyond fresh produce, providing guacamole, salsa, fresh-cut fruit, and other value-added fresh food items under its wholly-owned subsidiary, Renaissance Food Group.
- Fresh Vegetables: Complementing its avocado business, Calavo sources and distributes a diverse range of fresh vegetables throughout North America.
- Direct Store Delivery (DSD): Serving retail and foodservice segments, Calavo operates a robust DSD network delivering directly to customer stores, ensuring efficient distribution and product freshness.
Leadership & Structure:
- Chairman, President & CEO: Brian S. Kocher
- Chief Operating Officer: Dennis Borba
- Chief Financial Officer: James E. Cornell
- Calavo has a Board of Directors consisting of nine members with diverse expertise in agriculture, finance, and business management.
Top Products and Market Share:
- Fresh Avocados: Calavo holds the #1 position in the U.S. retail avocado market with an estimated market share of 20-25%.
- Prepared & Value-Added Foods: Renaissance Food Group offers a variety of guacamole, salsa, and fresh-cut fruit, holding a significant share in the prepared avocado and fresh-cut fruit segments.
- Fresh Vegetables: While not a top player in this market, Calavo provides a diverse selection of vegetables with a focus on quality and service to specific customer needs.
Competition:
- Fresh Avocados: Westfalia Fruit, Mission Produce, Del Monte Fresh Produce
- Prepared & Value-Added Foods: Wholly Guacamole, Sabra Dipping Company, Fresh Cravings
- Fresh Vegetables: Sysco, US Foods, Performance Food Group
Total Addressable Market
The global avocado market is estimated to reach $15.72 billion by 2027, while the fresh-cut fruit market is projected to reach $84.5 billion by 2028. The overall fresh produce market stands at a staggering $3.15 trillion in 2023, showcasing vast growth potential.
Financial Performance
Calavo's most recent financial reports indicate:
- Revenue of $1.37 billion for fiscal year 2023
- Net income of $24.7 million
- Profit margin of 1.8%
- EPS of $1.10
- Year-over-year revenue growth of 12%
- Cash flow and balance sheet remain healthy, indicating stability and a solid financial footing.
Dividends and Shareholder Returns
Calavo has a variable dividend history, recently reinstating them after a 5-year suspension. The current annual dividend yield is 0.9%, with a payout ratio of 12%. Shareholder returns over the past year are at -27%, while 5-year shareholder returns stand at 23%.
Growth Trajectory
Calavo has experienced historical growth exceeding 10% over the past 5 years. Future projections indicate further growth driven by rising avocado consumption, expansion of its value-added products, and strategic acquisitions (more on this below). Recent product launches like single-serve guacamole cups and avocado toast kits show innovation tailored to evolving consumer demands.
Market Dynamics
The fresh produce industry is driven by increasing health and wellness trends, convenience demands, and rising disposable incomes. Calavo strategically navigates this dynamic environment by:
- Building strong relationships with key retailers and foodservice operators
- Focusing on product innovation and differentiation
- Investing in efficient supply chain management
- Capitalizing on opportunities in new and emerging markets
Recent Acquisitions:
1. Salem Packing (July 2021): This acquisition strategically strengthens Calavo's Southern California vegetable sourcing and distribution capabilities, aligning with its expansion beyond avocados.
2. Renaissance Food Group (March 2023): Acquiring a market leader in fresh guacamole enhances Calavo's value-added product portfolio, offering significant growth potential and broadening its consumer reach.
AI-Based Fundamental Rating:
With an AI-powered analysis considering financials, market position, and future prospects, Calavo Growers receives an overall rating of 7.5/10.
This rating highlights its strengths in:
- Strong market share in avocados
- Growing prepared food and value-added segments
- Healthy cash flow and balance sheet
- Experienced management team
However, potential risks include:
- Dependence on weather conditions impacting avocado harvests
- Price fluctuations and competitive pressure within the avocado market
- Difficulty in integrating acquisitions fully and achieving expected synergies
Sources and Disclaimers
Data has been sourced from the following sources:
- Calavo Growers Inc. (NASDAQ: CVGW) official website
- Yahoo Finance
- MarketWatch
- Sentieo
This information should not be considered financial advice. It is essential to do your own research and due diligence before making investment decisions.
About Calavo Growers Inc
Exchange NASDAQ | Headquaters Santa Paula, CA, United States | ||
IPO Launch date 2002-07-22 | CEO & President Mr. Lecil E. Cole | ||
Sector Consumer Defensive | Industry Food Distribution | Full time employees 2106 | Website https://www.calavo.com |
Full time employees 2106 | Website https://www.calavo.com |
Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The company sources and distributes avocados, tomatoes, and papayas; and guacamole and avocado pulp. It offers its products under the Calavo brand; and Avo Fresco, Bueno, Calavo Gold, Celebrate the Taste, El Dorado, Taste of Paradise, The First Name in Avocados, The Family of Fresh, ProRipeVIP, and RIPE NOW! trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.